Section 8100.114  Certification

a)         Any applicant requesting certification as a title insurance company or as an independent escrowee, prior to certification shall provide, as a minimum, the following information to the Department:

1)         A certified copy of the Certificate of Authority from the Illinois Secretary of State authorizing it to do business in the State of Illinois, if any;

2)         A Certificate issued by the State/domicile setting forth that it is in good standing and further setting forth the date upon which the Articles of Incorporation were issued, if any;

3)         A certified copy of the assumed name filing, if any;

4)         A brief narrative history of the company, if any;

5)         A listing of the officers, directors and owners of the company, if any;

6)         A listing of the company shareholders, if any, except where the shares of the company are publicly traded;

7)         A certified copy of the company's charter and by-laws and any amendments thereto, if any;

8)         A Certificate of Compliance from the State of domicile, if any;

9)         A copy of the most recent audited financial statements including a letter of opinion, if any;

10)         The last published Annual Report of the company, if any;

11)         A copy of the most recent examination, if applicable, by the State of domicile;

12)         A copy of the Certificate of Deposit from the State of domicile and other states in which the company does business, if any;

13)         A listing of the counties in Illinois in which you propose to conduct your business;

14)         The nature and amount of the proposed deposit as provided for in the Act;

15)         A listing of all its locations or proposed locations in the State of Illinois by name, address and phone number;

16)         The name, address and phone number of a member of the company, or person to direct questions regarding the application; and

17)         The names and addresses of any proposed agents.

b)         The Director or the Director's authorized representative after review of information submitted as required by subsection (a), shall require the filing of such additional information with the Department as necessary to assure that the business repute and qualification of the applicant requesting certification, is set forth in detail to allow a decision to be made upon the request for certification.